Budgeted manufacturing overhead costs	$4,800,000
Overhead allocation base	Machine-hours
Budgeted machine-hours	60,000
Manufacturing overhead costs incurred	$4,900,000
Actual machine-hours	55,000

Machine-hours data and the ending balances (before proration of under- or overallocated overhead) are as follows:

	Actual Machine-Hours	2020 End-of-Year Balance
Cost of Goods Sold	44,000	$12,000,000
Finished Goods Control	9,000	2,625,000
Work-in-Process Control	2,000	375,000

There are 8 questions total for this problem. Use the questions in the requirement section to get the answers

The Home Radiator Company uses a normal-costing system with a single manufacturing overhead cost pool and machine-hours as the cost-allocation base. The following data are for 2020: E: (Click the icon to view the following data.) Read the requirements. Requirement 1. Compute the budgeted manufacturing overhead rate for 2020. Begin by selecting the formula you will use. Then, enter the amounts and calculate the rate. Budgeted manufacturing overhead rate Requirements a 1. Compute the budgeted manufacturing overhead rate for 2020. 2. Compute the under-or overallocated manufacturing overhead of Home Radiator in 2020. Adjust for this amount using the following: Write-off to Cost of Goods Sold b. Proration based on ending balances (before proration) in Work-in-Process Control, Finished Goods Control, and Cost of Goods Sold c. Proration based on the overhead allocated in 2020 (before proration) in the ending balances of Work-in-Process Control, Finished Goods Control, and Cost of Goods Sold 3. Which method do you prefer in requirement 2? Explain. Choose from any list or enter any number in the input fields and 7 Permaining